Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 27.37

  (1)   The Commissioner may, in accordance with a request you make in the * approved form, determine the tax periods applying to you to be the tax periods specified in the request if the Commissioner is satisfied that:

  (a)   your * GST turnover meets the * tax period turnover threshold; and

  (b)   the tax periods specified in the request are consistent with the commercial accounting periods that apply to you; and

  (c)   the tax periods specified in the request would, if determined under this section, result in 12 complete tax periods in each year; and

  (d)   any other requirements specified in the regulations are complied with.

Note:   Refusing a request for a determination under this section is a reviewable GST decision (see Subdivision   110 - F in Schedule   1 to the Taxation Administration Act 1953 ).

  (2)   A determination under this section overrides any determination under section   27 - 15 or 27 - 30 relating to tax periods applying to you.